The process of identifying and evaluating risks that could disrupt supply chains, focusing on potential impacts and likelihood.

Developing actionable strategies to address identified risks, ensuring business continuity during disruptions.

Adhering to laws and regulations governing supply chain practices, ensuring legal and ethical operations.

Utilizing tools to track supply chain activities instantly, allowing for proactive risk management and decision-making.

Weaknesses or gaps within the supply chain that expose it to risks, requiring careful analysis and mitigation.

A strategic planning tool used to identify strengths, weaknesses, opportunities, and threats related to supply chain risks.

A document that lists identified risks, their assessments, and the actions taken to mitigate them.

Metrics used to evaluate the success of risk management strategies and overall supply chain performance.

Strategies implemented to reduce the impact or likelihood of identified risks affecting supply chains.

Developing plans to ensure critical business functions can continue during and after a disruption.

The process of informing and engaging stakeholders about risk management practices and strategies.

Systems in place to gather insights on risk management effectiveness and areas for improvement.

A visual representation of key metrics and risks, providing real-time insights for decision-makers.

An assessment of an organization’s adherence to regulatory requirements and internal policies.

A structured approach to managing risks, integrating best practices and compliance into operations.

Methods used to analyze data and trends to identify potential risks in the supply chain.

Outside influences, such as market trends or regulations, that can impact supply chain operations.

Formal guidelines outlining the organization’s approach to identifying and managing risks.

Anticipating potential risks and implementing measures to prevent or mitigate their impact.

Technologies that connect various systems for seamless data flow and risk management.

The process of sharing information about risks and risk management strategies with stakeholders.

Specific strategies aimed at reducing risks within the supply chain to enhance resilience.

Fluctuations in market conditions that can affect supply chain stability and risk levels.

Comprehensive plans and actions taken to address and reduce risks in supply chain management.